service agreement
A 'service agreement' is a formal contract that defines the terms, conditions, and expectations for services provided between a service provider and a client.
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Definition
B2Business
(formal)A legally binding contract between a service provider and a client outlining the terms and conditions of the service to be provided.
Example
- The company signed a service agreement with the IT firm to handle their network maintenance.
C1Law
(formal, technical)A formal document specifying the responsibilities, duties, and expectations of both parties involved in a service transaction.
Example
- The service agreement detailed the penalties for non-compliance with the terms.
Similar
Terms that have similar or relatively close meanings to "service agreement":